Commodity Prices

Gold •10 mins	2,413.80	+15.80	+0.66%
Platinum •10 mins	943.80	-10.70	-1.12%
WTI Crude •17 hours	83.14	+0.41	+0.50%
Gasoline •17 hours	2.710	-0.003	-0.13%
Ethanol •15 hours	2.161	+0.000	+0.00%
Silver •10 mins	28.84	+0.46	+1.63%

Silver • 10 mins	28.84	+0.46	+1.63%
Copper • 10 mins	4.498	+0.061	+1.37%
Brent Crude • 16 hours	87.29	+0.18	+0.21%
Natural Gas • 17 hours	1.752	-0.005	-0.28%
Heating Oil • 17 hours	2.541	+0.007	+0.29%

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USD/CAD: Challenging its Rising Trendline

By - Nov 27, 2012, 5:21 AM CST

USD/CAD is testing the support implied by its rising trendline. Resistances can be found at 0.9960 (26/11/2012 high) and 0.9992 (21/11/2012 high). A key support is at 0.9875.

The underlying trend is negative (see mediumterm declining channel in the daily time frame). Therefore, we see the rise from 0.9633 as a countertrend move. A medium-term resistance is at 1.0250 (12/07/2012 high, see also declining trendline on a daily chart).

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